Tag: compliance

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Popcorn and Compliance

Compliance Lessons from Dr. Jekyll and Mr. Hyde

I have always loved the classic Universal monster movies from the 1930s. This month I am exploring one movie each week to mine it for leadership and compliance lessons. For our final entry in this short series on Popcorn and Compliance, I look at the 1931 version of Dr. Jekyll and Mr. Hyde, starring Fredric March, who plays a possessed doctor who tests his new formula that can unleash people’s inner demons. The film is an adaptation of The Strange Case of Dr. Jekyll and Mr. Hyde, the 1886 Robert Louis Stevenson tale of a man who takes a potion that turns him from a mild-mannered man of science into a homicidal maniac. The film was a critical and commercial success upon its release. Nominated for three Academy Awards, March won the award for Best Actor. We consider some of the compliance professional’s lessons around moral licensing, ego depletion, and time of day in a risk management regime.

Resources

Why Bosses can be Dr. Jekyll and Mr. Hyde

Categories
Greetings and Felicitations

Great Structures Week IV: The Gothic Cathedral and Compliance Incentives

Welcome to Greetings and Felicitations, a podcast where I explore topics that might not seem directly related to compliance but clearly influence our profession. In this special series, I consider many structural engineering concepts are apt descriptors for an anti-corruption compliance program. In this episode 4, I consider the Gothic Cathedral and incentives in your compliance program. Highlights include:

·      Why and how was the Gothic Cathedral such an engineering innovation?

·      What are the key principals for an incentive program?

·      How do incentives impact your compliance program?

·      What does the DOJ say about incentives?

·      What KPIs can you use to measure compliance incentives?

Resources

“Understanding the World’s Greatest Structures: Science and Innovation from Antiquity to Modernity,” taught by Professor Stephen Ressler from The Teaching Company.

Categories
Uncovering Hidden Risks

Ep 4 – How Compliance, Data Protection, and Privacy Come Together

Alym Rayani, general manager for compliance and privacy marketing at Microsoft, joins host Erica Toelle and guest host Hammad Rajjoub on this week’s episode of Uncovering Hidden Risks. Alym works closely with engineering leadership to drive product strategy and roadmap while overseeing the product value proposition, marketing efforts, and customer experience. Due to these changes in regulations and increased cybersecurity risk, these areas are converging. Erica, Hammad, and Alym are taking a closer look at a top industry trend: convergence of compliance, data protection, and privacy requirements, and discussing what this means for Chief Information Security Officers.

In This Episode You Will Learn:

  • What areas create quick wins for organizations that create momentum for larger initiatives
  • What the answer is for CISOs to stay in compliance with regulations
  • Risks CISOs will face focusing on data protection without considering compliance and privacy

Some Questions We Ask:

  • What challenges are CISOs, privacy officers, and CCOs seeing from this convergence?
  • How are data protection and privacy changing the way CISOs approach new problems?
  • What should CISOs look for in a data protection technology solution?

Resources:

View Alym Rayani on LinkedIn

View Hammad Rajjoub on LinkedIn

View Erica Toelle on LinkedIn

Related Microsoft Podcasts:         

Listen to: Afternoon Cyber Tea with Ann Johnson 

Listen to: Security Unlocked

Listen to: Security Unlocked: CISO Series with Bret Arsenault

Learn More

Categories
Greetings and Felicitations

Great Structures Week III: The Roman Arc and Resourcing Your Compliance Program

Welcome to the Greetings and Felicitations, a podcast where I explore topics that might not seem directly related to compliance but influence our profession. In this special series, I consider many structural engineering concepts are apt descriptors for an anti-corruption compliance program. In this episode 3, I consider the Roman Arch and resourcing your compliance program. Highlights include:

  • Why and how was the Roman Arch such an engineering innovation?
  • What other corporate functions can a CCO look to?
  • How does HR help facilitate through all its employee touchpoints?
  • How can IT help a CCO meet its obligations under the 2020 Update to the Evaluation of Corporate Compliance Programs?
  • How can compliance use Internal Audit as a key corporate adjunct?

Resources

 “Understanding the World’s Greatest Structures: Science and Innovation from Antiquity to Modernity,” taught by Professor Stephen Ressler from The Teaching Company.

Categories
Great Women in Compliance

SCCE Roundup with Lisa and Mary

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.

The 2022 Society of Corporate Compliance and Ethics, Compliance and Ethics Institute took place last week in Phoenix, Arizona.  There was a mix of both in person and virtual attendees with a person presence significantly bolstered compared with the 2021 crowd, the first in person ECI since the pandemic hit.  In 2023 it really felt like things were back and the Great Women in Compliance podcast hosts, Lisa Fine and Mary Shirley, debrief listeners with a roundup of highlights and musings from the conference, as well as handing out a few prized GWICies.

 Lisa and Mary both critically analyze some aspects of the conference and sessions, as well as take their usual lighthearted and informal approach to discussing what they thought went well, where there were areas of opportunity, surprises and how they each dealt with unforeseen challenges – from the beginning of the conference and throughout – including Lisa’s hangry misfortune and Mary nearly causing an international incident at a piano bar.

 Join us for this special joint episode and re-live the conference for those that attended and cure your FOMO for those who were unable to make it.

 The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance related offerings to listen in to.  If you are enjoying this episode, please rate it on your preferred podcast player to help other likeminded Ethics and Compliance professionals find it.  If you have a moment to leave a review at the same time, Mary and Lisa would be so grateful.  You can also find the GWIC podcast on Corporate Compliance Insights where Lisa and Mary have a landing page with additional information about them and the story of the podcast.  Corporate Compliance Insights is a much appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).

If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Into the Weeds

Lafarge and the Cost of Moral Bankruptcy

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. In this episode, we consider the recent guilty plea by Lafarge, the French cement giant now owned by Holcim, for paying bribes and protection money to ISIS and doing business in Syria with ISIS. Highlights include:

  • What are the background facts?
  • What were the bribery and payment schemes?
  • What are the compliance lessons learned?
  • How will the victim status play out?
  • Who will guarantee compliance of Lafarge with the Plea Agreement?

 Resources

Tom in the FCPA Compliance and Ethics Blog

Categories
The Compliance Life

Bridget Abraham-Reflections on a Non-Traditional Compliance Career Path

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What skills does a CCO need to navigate the compliance waters in any company successfully? What are some of the top challenges CCOs have faced, and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Bridget Abraham, CCO at Remitly, who had a decidedly non-traditional path to the CCO Chair.

In this concluding episode, Bridget reflected on her non-traditional path to the CCO chair. She also discussed the compliance challenges of moving money around the globe and doing so with less friction. She recalled some of the key mentors who had helped her career path and concluded with thoughts on how and why a corporate compliance program needs to use data to tell its story.

Resources

Bridget Abraham LinkedIn Profile

Categories
Role of the Board of Compliance

Episode 02: Marchand (Blue Bell Ice Cream) with Tom Fox and Jonathan Marks

Understanding risk means understanding your business.

Tom Fox and Jonathan Marks discuss the Blue Bell Ice Cream case, what went wrong, the lessons that compliance officers and board members can learn and apply, suggest how to improve your business’s governance, and how to be wary of red flags.

▶️ Marchand (Blue Bell Ice Cream) with Tom Fox and Jonathan Marks

Key points discussed in the episode:

✔Tom Fox lays out the facts of the Blue Bell Ice Cream case.

✔Jonathan Marks emphasizes the importance of enterprise-wide risk management and identifying key risks by deeply understanding your business.

✔Members of boards and committees should be carefully considered, must be conscious of the laws and regulations, and proactively ask questions to ensure safe products and services.

✔Jonathan Marks shares his opinions on the court verdict on Blue Bell’s CEO Paul Kruse’s responsibility for the listeria outbreak.

✔ Jonathan Marks highlights the gravity of disclosing red flags earlier so they can be corrected, preventing further damage, and continuing enterprise risk management programs, taking the shame out of it.

✔Tom Fox presents what the Delaware Supreme Court said about the case.

✔When safety issues arise, assess the situation quickly and communicate it among those responsible. Be prepared and have a crisis management plan in place if there isn’t any. 

✔Risk drives compliance. Ensure the board is informed. Risk assessment is the foundation of any compliance program.

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Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.

 

Categories
Greetings and Felicitations

Great Structures Week I: Vitruvius, the Brooklyn Bridge and Compliance

Welcome to the Greetings and Felicitations, a podcast where I explore topics that might not seem directly related to compliance but influence our profession. In this special series, I consider many structural engineering concepts are apt descriptors for an anti-corruption compliance program. In this episode 1, I consider the Roman architect Vitruvius and what makes a structure great. Highlights include:

·      The Vitruvius Triad.

·      Compliance Program formulations.

·      What are form, function, and structure

·      Continuous risk and continuous risk management.

·      Risks assessments after Covid 19.

Resources

“Understanding the World’s Greatest Structures: Science and Innovation from Antiquity to Modernity,” taught by Professor Stephen Ressler from The Teaching Company.

Categories
The ESG Report

Supply Chain & ESG: Scope 3 Emissions Reporting Strategy with Devin O’Herron and Jared Connors

 

In this episode of the ESG Report,Tom Fox is joined by Devin O’Herron and Jared Connors of Assent to discuss Scope 3 emissions reporting as the key to disclosure success. They talk about the importance of accounting for Scope 3 in your emissions strategy.

 

 

There are three scope levels within the emissions reporting strategy: Scope 1 refers to things like your vehicle or things you’re doing around your facility; Scope 2 is the purchased heat or electricity powering your facility; and Scope 3 is all those variables outside your four walls. The most important aspect of Scope 3 is purchased goods. This has a large impact on organizations that may not necessarily take in raw materials and directly manufacture those raw materials into a finished good. “Even if your organization designs products and influences those products, you typically will obtain your raw materials components through your supply chain,” Jared says. The supply chain is a very significant factor to consider when coming up with the emissions strategy as a company.

 

A recent study found that Scope 3 emissions are typically 11 times larger than an organization’s Scope 1 and 2 emissions combined. As mandatory climate disclosure legislation progresses into the future, the overall emissions strategy needs to start accounting for Scope 3 as much as possible. “When it comes to Scope 3 emissions in particular, as we think about things like carbon taxes, risk in terms of risk, if you don’t understand what exactly that applies to your organization, you are missing a big opportunity,” Devin stresses. Organizations need to get a handle on their total emissions footprint. You cannot manage what you do not measure. 

 

Resources

Devin O’Herron on LinkedIn

Jared Connors | LinkedIn

Tom Fox’s email

Assent website